Market Activity Increases as Gold Advances
May 2, 2016
The Central States Convention was anything but typical as Gold advanced closer to the $1,300 mark and dealers reported an increase in bullion related sales. Also keeping dealers busy was the newly released 2016 Gold Mercury Dime, currently trading in the $250-$260 range for coins in the original government packaging. Certified coins have been priced around $290-$300 for the SP69 and as high as $350 for the SP70.

Certified 2016 Gold Mercury Dimes have been priced around $290-$300 for the SP69 and as high as $350 for the SP70.

Another successful Heritage Auctions Sale as the official Central States Convention auction produced several highlights including the 1792 Disme in Silver commanding $998,750; this coin is certified as AU50 by PCGS and is the finest of three known. Another 1792 Disme, this one in Copper, brought $705,000 and it is graded SP64 Brown by PCGS.

Of the several non-traditional coins sold in this sale, the one that generated the most interest from buyers was the 1776 Continental CURRENCY Dollar; it realized $235,000 and is certified as PCGS MS65. Below are some of the many highlights from this sale.

Date/Denomination

Grade

PriceRealized

1793 Liberty Cap Half Cent

PCGS MS64 BN

$108,688

1793 Wreath Cent Vine & Bars

PCGS AU55 CAC

$37,600

1872 Two-Cent

PCGS MS66 Red

$52,875

1937 D Buffalo Nickel 3-Leg

NGC MS67

$85,188

1794 Half Dime Flowing Hair

PCGS MS64

$28,200

1844 Seated Dime

PCGS PR65 CAC

$38,188

1916 D Mercury Dime

PCGS MS65 FB

$41,125

1828 Bust Quarter

PCGS PR65

$64,625

1844 Seated Quarter

PCGS PR65 CAC

$188,000

1916 Standing Liberty Quarter

PCGS MS66 FH

$48,175

1797 Half Dollar Draped Bust

PCGS F12

$55,813

1807 Draped Bust Half Dollar

PCGS MS65+ CAC

$141,000

1855 Seated Dollar

NGC PR66

$35,250

1884 S Morgan Dollar

PCGS MS63+ CAC

$76,375

1833 $2 ˝ Gold

PCGS MS66

$146,875

1858 $3 Gold

PCGS PR65+ Cameo CAC

$94,000

1907 $10 Gold Indian Wire Rim

PCGS MS65

$64,625

1908 $10 Gold Indian

PCGS PR66+ CAC

$73,438

1866 S $20 Gold No Motto

PCGS MS61

$152,750

1886 $20 Gold

NGC AU58

$82,250

1915 S $50 Gold Pan Pac Octagonal

PCGS MS65 CAC

$205,625

Now that the tax season is behind us, it looks like the coin market is trying to inch forward. There appears to be more activity and sales are slightly higher even though there are still some coins being discounted. In this week’s HD Wholesale Market Dealer Price Guide there are many changes, especially in U.S. Gold. The lower denominations are not quite as strong as $10 Gold and $20 Gold, but if bullion continues to rise, all of the generics will follow. The current market for generics has most of the common dates at extremely favorable premiums compared to historic highs. With the market surging for modern Gold coins with low premiums, Classic common U.S. Gold should continue to see lower premiums as well.